The prices in real estate in Umm Suqueim, in the Dubai region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Umm Suqueim has remained the same in the last 6 months. In October, the average price per sq.feet was AED 16,810. In November this price pretty much remained the same at a value of AED 16,614 per sq.feet. In the following two months the price per sq.feet has barely changed, going from AED 16,712 to AED 15,952.5 per sq.feet. The price per sq.feet has increased 105 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of AED 16,332.25 to AED 17,219.5 during February, and March.
Based upon to the price in Umm Suqueim (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during October, is AED 3,751,553. During November the price went through a considerable rise reaching AED 4,704,806. During the following two months (December, January) the average price had a considerable reduction of 54 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from AED 3,258,036.75 to AED 3,016,037 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of AED 3,694,013 they are 64 % more affordable than the average price for Umm Suqueim. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 3 bedrooms priced at AED 3,417,600.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of AED 18,041 / sq.feet, with an average AED 17,153 / sq.feet price in Umm Suqueim. The properties with the highest average prices have 3 bedrooms. They are 8 % more expensive than the average followed by properties with 4 bedrooms with a price at AED 18,437 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of AED 3,694,013 it is 44 % cheaper than the average price in Umm Suqueim. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of AED 16,387,500 it is 499 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of AED 3,032 / sq.feet followed by "Villa" priced at AED 15,581 / sq.feet. "Apartment" is the most costly type of property with a AED 18,401 / sq.feet cost followed by "Villa" with an average price of AED 15,581 / sq.feet.